| risk | description |
|---|---|
| Cybersecurity Breach | Risk of a cybersecurity breach of the inventory system. |
| Technology Outage | Risk of an inventory system outage. |
| Loss of Customer | Risk of losing and existing customer or failure to acquire a new customer due to functional limitations of the inventory system. |
Risk Quantification Demo
risk quantification
Risk Quantification demonstration for my SIRAcon 2024 talk, “UnFAIR: Simplifying and Expanding Technology Risk Quantification.”
Questions/TODO
Import
Import and validate data from Excel. The data in demo.xlsx is based on the examples developed here.
Environment Statement
(Describe the background and history of the system being analyzed, summary of existing state, and extended description of the risks)
Risk descriptions:
Forecast
Forecast risk using Monte Carlo simulation. The average events and losses for each risk are summarized below:
| risk | avg_events | avg_losses |
|---|---|---|
| Cybersecurity Breach | 0.25710 | $14,625,052 |
| Loss of Customer | 2.00429 | $10,332,282 |
| Technology Outage | 2.00110 | $98,087 |
Losses
Losses by risk separately and in aggregate:


Loss Exceedance Curves
Plot loss exceedance curves for all risks and combined risk.
By Risk
Plot loss exceedance curves for each risk:

Interactive plot: